Bengaluru, India, 07th, December 2021 : UKG (Ultimate Kronos Group), a leading global provider of human capital management (HCM), payroll, HR service delivery, and workforce management solutions, today announced a strategic partnership with Rain India, an earned wage access (EWA) and financial wellness provider to the Indian market.
This collaboration will enable organisations leveraging UKG Dimensions to empower their employees with real-time visibility into hours worked and on-demand earned wage access minimising the stress employees experience while waiting for salary to cover unbudgeted or emergency expenses and improving overall employee experience and retention.
Sumeet Doshi, country manager, India at UKG Said :
UKG Dimensions provides in-the-moment insight into workforce data for business-critical decisions, putting the right people in the right place at the right time.
The integration of the Rain mobile app will leverage this data more specifically, the days and hours worked by an employee regardless of their status (full time or contract) and provide on-demand earned wage access to the employee before their scheduled pay date to meet their financial obligations.
According to an industry report, 35% of individuals fall short on an expense between pay periods.
Empowering employees with access to their wages early, via their mobile device and at no additional cost, can help ease the burden on individuals and families to cover emergencies or daily expenses.
During a time when organisations are struggling to fill open positions as a result of the global labour participation shortage and “The Great Resignation,” offering access to earned wages before the formal payday can be a competitive differentiator in the war for talent and retention as well as assist with boosting employee engagement and productivity.
Akbar Khan, CEO at Rain India Said :
About UKG
At UKG (Ultimate Kronos Group), our purpose is people. Built from a merger that created one of the largest cloud companies in the world, UKG believes organisations succeed when they focus on their people.
As a leading global provider of HCM, payroll, HR service delivery, and workforce management solutions, UKG delivers award-winning Pro, Dimensions, and Ready solutions to help tens of thousands of organisations across geographies and in every industry drive better business outcomes, improve HR effectiveness, streamline the payroll process, and help make work a better, more connected experience for everyone.
UKG has 13,000 employees around the globe and is known for an inclusive workplace culture.
The company has earned numerous awards for culture, products, and services, including consecutive years on Fortune’s100 Best Companies to Work For list.